Blog

Market update Rhinebeck NY August 2021 home sales

Market update Rhinebeck NY August 2021 home sales

Rhinebeck NY home sales in August 2021

Rhinebeck NY August 2021 home sales update

 Rhinebeck NY August 2021 home sales market update revealed five sales which were four less than last August.  Four of the five homes were million-dollar properties and three sold for more than they were listed for. The sale price to list price came in at 108 percent. 

The average sales price came in at $1,417,600 this August compared to  $ 1,089,414 at the same time last year.   

This August the median sale price of $1,600,000 was much higher than the  $ 866,600 recorded for August 2020.

Homes sold ranged in price from $840,000 to $1,910,000, built between 1860 and 2009 with square feet of 3,167 to 4550 with three to six bedrooms.

Days on market at  73 days this August was up from 41  days in August 2020.

The takeaway is that more homes are selling above the list price due to multiple offers, and prices in general, continue to increase.

Comparison of August 2021 home sales to August  2020

Comparisons

                    2020

                  2021

Average List

                    $1,051,333

            $1.309,600

Average Sold

                    $ 1,089,414

            $1,417,600

Median List

                    $    695,000

            $1,250,000 

Median Sold

                    $    866,600

            $1.600,000 

Sales

                        9

                    5

DOM

                        41

                  73

Four homes were added to the Rhinebeck homes for sale inventory, these ranged from $428,000 to  $1,950,000, with three to five bedrooms.  The homes were built between 1950 and 2001,  with the smallest house only 1714 square feet and the largest 8,610.

Twelve homes received accepted offers ranging in price from $ 195,000 to $ 929,000.  These homes were built between 1880 and 1991, with two to four bedrooms and square feet from 1,029 to 3769.

Two homes went on contract, one a two-bedroom house built in 1940 with square feet of 1238 and priced at $475,000. The other was a five-bedroom house built in 1992 with square feet of 5525 and priced at $3,775,000

Other real estate activities in August 2021

Active 

3

Avg. List

$ 1,067,667

Avg. DOM

11

Avg Sq. Ft

3275

Avg $/Sq. Ft

$326

   

New

1

Avg. List

$1,798,000

Avg. DOM

1

Avg Sq. Ft

8610

Avg $/Sq. Ft

209

   

Offer 

9

Avg. List

$ 592,322

Avg. DOM

51

Avg Sq. Ft

2316

Avg $/Sq. Ft

$ 256

   

Offer CS

3

Avg. List

$401,000

Avg. DOM

33

Avg Sq. Ft

1669

Avg $/Sq. Ft

$ 240

   

Contract

2

Avg. List

$2,125,000

Avg. DOM

176

Avg Sq. Ft

3382

Avg $/Sq. Ft

$628

   

Sold

5

Avg. List

$ 1,309,600

Avg. DOM

73

Avg. Sq. Ft.

3441

Avg.$/ Sq. Ft.

$381

Avg. Sold.

$ 1,417,600

Avg. $/Sq. Ft.

$ 412

August 2021 Rhinebeck NY home sales location

Location

Sale Price

Hinterland Dr

$  840,000 

Peacock Rd

$  1,000,000

Wey Rd

$ 1,600,000 

Center Rd

$ 1,738,000

Midnight Ln

$1,910,000

There were five home sales in the  Village of Rhinebeck NY in August 2021, the same number as last  August. The two most expensive homes sold above the list price, therefore the sale price to list price came in at 105 percent.

An average sale price of $853,,600 this August was higher than the $ 667,980 recorded for the same time last year.

The median sale price of 600,000 was also higher than the  $ 474,900 for last August.

Homes sold ranged in price from $555,000 to $1,738,000 built between 1860 and 2018  with three and four bedrooms and square feet of 2030 to 3,107.

Days on the market at 77 came in higher than the 66 days for Last August.

The Village home sales in August 2021

Comparison

                  2020

                2021

Average List

              $ 717,300

                $ 816,600

Average Sold

              $ 667,980

                $ 853,600

Median List

              $ 479,000

                $ 560,000

Median Sold

              $ 474,900

                $ 600,000

Sales

                      5

                      5 

DOM

                    66 

                    77

One home was added to the Village of Rhinebeck NY homes for sale inventory priced at $530,000.This home was built in 1840 with a square footage of 1,407. 

There were two homes in contract, a two-bedroom home from 1882 priced at $395,000 with square feet of 1,080.  The other was a 1476 square foot, two-bedroom house built in 1946 and priced at $465,000.

Real estate  activities in August 2021 in the village

Active 

1

Avg. List

$530,000

Avg. DOM

3

Avg Sq. Ft

1407

Avg $/Sq. Ft

$377

   

Contract

2

Avg. List

$ 430,000

Avg. DOM

236

Avg Sq. Ft

1278

Avg $/Sq. Ft

$336

   

Sold

5

Avg. List

$816,600

Avg. DOM

77

Avg. Sq. Ft.

2428

Avg.$/ Sq. Ft.

$336

Avg. Sold.

$853,600

Avg. $/Sq. Ft.

$352

Village of Rhinebeck NY home sales location

Location

Sale Price

South St

$ 555,000

Bird Court

$ 565,000

South Parsonage

$ 600,000

Prospect St

$ 810,000

Center St

$1,738,000

 **Data used in the preparation of this report was obtained from Mid Hudson MLS.  Deemed reliable but not guaranteed.  ** Late reporting can result in a change in the numbers.

If you are planning to sell or purchase real estate I would welcome the opportunity to assist you.  Please call or text 845-594-9947 | Jennifer Fivelsdal | Real Estate Broker |  JFIVE Homes Realty LLC

 

No Comments

Leave a Comment

Your email address will not be published.